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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Real Estate [Abstract]    
Land and land improvements $ 1,101,475 $ 1,094,470
Building and improvements 4,531,773 4,501,921
Less accumulated depreciation (967,251) (940,115)
Operating real estate 4,665,997 4,656,276
Development in progress 321,331 267,450
Land held for development 345,632 336,569
Net real estate 5,332,960 5,260,295
Cash and cash equivalents 36,535 43,642
Restricted cash 10,680 12,383
Accounts receivable 14,998 13,994
Deferred rent receivable 114,811 109,245
Deferred financing and leasing costs, net of accumulated amortization (March 31, 2017, $156,509; December 31, 2016, $152,309) 155,105 153,393
Investments in and advances to unconsolidated joint ventures 254,864 245,078
Assets held for sale 5,039 4,548
Prepaid expenses and other assets 158,909 150,235
Total assets 6,083,901 5,992,813
LIABILITIES    
Mortgage loans 274,260 276,650
Unsecured notes 2,280,970 2,280,286
Credit facility 115,000 0
Accounts payable 56,357 65,914
Accrued interest 34,850 21,878
Dividend and distributions payable 60,293 71,501
Other liabilities 199,718 206,124
Total liabilities 3,021,448 2,922,353
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of March 31, 2017 and December 31, 2016 7,537 7,537
EQUITY    
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 147,203,022 and 146,993,018 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 147 147
Additional paid-in capital 3,660,740 3,655,910
Accumulated other comprehensive loss (52,622) (56,031)
Distributions in excess of net income (612,424) (596,635)
Total Liberty Property Trust shareholders' equity 2,995,841 3,003,391
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 54,174 54,631
Noncontrolling interest - consolidated joint ventures 4,901 4,901
Total owners' equity 3,054,916 3,062,923
Total liabilities, noncontrolling interest - operating partnership and equity 6,083,901 5,992,813
Liberty Property Limited Partnership [Member]    
Real Estate [Abstract]    
Land and land improvements 1,101,475 1,094,470
Building and improvements 4,531,773 4,501,921
Less accumulated depreciation (967,251) (940,115)
Operating real estate 4,665,997 4,656,276
Development in progress 321,331 267,450
Land held for development 345,632 336,569
Net real estate 5,332,960 5,260,295
Cash and cash equivalents 36,535 43,642
Restricted cash 10,680 12,383
Accounts receivable 14,998 13,994
Deferred rent receivable 114,811 109,245
Deferred financing and leasing costs, net of accumulated amortization (March 31, 2017, $156,509; December 31, 2016, $152,309) 155,105 153,393
Investments in and advances to unconsolidated joint ventures 254,864 245,078
Assets held for sale 5,039 4,548
Prepaid expenses and other assets 158,909 150,235
Total assets 6,083,901 5,992,813
LIABILITIES    
Mortgage loans 274,260 276,650
Unsecured notes 2,280,970 2,280,286
Credit facility 115,000 0
Accounts payable 56,357 65,914
Accrued interest 34,850 21,878
Dividend and distributions payable 60,293 71,501
Other liabilities 199,718 206,124
Total liabilities 3,021,448 2,922,353
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of March 31, 2017 and December 31, 2016 7,537 7,537
EQUITY    
General partner’s equity - 147,203,022 and 146,993,018 common units outstanding as of March 31, 2017 and December 31, 2016, respectively 2,995,841 3,003,391
Limited partners' equity 54,174 54,631
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 4,901 4,901
Total owners' equity 3,054,916 3,062,923
Total liabilities, noncontrolling interest - operating partnership and equity $ 6,083,901 $ 5,992,813